1.1.A.20 Adjusted taxable income (ATI)

Definition

For the purposes of FA, an individual's ATI for the tax year (1.1.T.10) is:

• the sum of the following amounts for that year:
  • taxable income (1.1.T.20, 3.2),
  • the value of any adjusted fringe benefits (3.2.3),
  • target foreign income (1.1.T.05) (including tax exempt foreign employment income),
  • total net investment loss (1.1.T.53),
  • tax free pension or benefit (3.2.6), and
  • reportable superannuation contributions (1.1.R.35)
• less 100% of the individual's child maintenance expenditure.

Act reference: FAAct Schedule 3 clause 2 Adjusted taxable income

Policy reference: FA Guide 3.2 Adjusted Taxable Income, 3.2.3 Adjusted Fringe Benefits

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Last reviewed: 1 July 2009